The Juniper Companys gross payroll for the month of November was $80,000. Employee source deductions...
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The Juniper Companys gross payroll for the month of November was $80,000. Employee source deductions included CPP of $4,080, EI of $1,296 and Income tax of $10,080. Juniper Companys payroll costs were CPP of $4,080 and EI of $1,814.
On December 7th, Juniper Company paid payroll and remitted payroll source deductions to Canada Revenue Agency.
Required: Prepare the journal entries to record gross payroll, the companys payroll costs for CPP and EI, payment of payroll and the source deductions. Do not combine the entries do each one separately
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